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Search Results 0 to 11 of about 12 (some duplicates have been removed)
Dec 3, 2012 7:00pm PST
came after the bailout fund to sure up its constituti institutions. the nikkei average at 9,434. that's a loss of one-fourth of a percent. the dollar is slightly losing ground. dollar yen changing hands at 82.13 to 17. euro stands at 107.19 to 24. analysts say investors are selling the dollar following the release of u.s. manufacturing data. it was the lowest in almost three and a half years. more investors are showing interest in the weakening yen. taking a look at other markets, south korea's kospi is trading lower. let's take a look at australia. it's trading lower by almost a third of a percent. there's hope for floundering bas bas basic electronics firm sharp. the firm is expected to receive part of the that sum as early as this month. sharp is forecasting a record net loss for the current fiscal year of $5.5 billion. that's due to the slump in its main tv and crystal liquid sectors. strengthening its financials is essential if the firm will have hope for its business. the two companies plan to develop next generations screens. sharp's expertise will help provide qualcomm with hi
Dec 12, 2012 5:00pm PST
at 108.22 to 99. japan's nikkei average went above 9700 at one point. a weaker yen and the u.s. fed's policy decision that's what's lifting a wide range of issues here in tokyo. let's take a look at other asian markets open now. we are seeing seoul's kospi up and over in australia the benchmark is trading unchanged at 4,583. we'll see where trading takes us throughout the rest of the day. greece is buying back bonds. it exceeds the 30 billion euro target. greece had been seeking investors willing to accept at 30 to 40% of the bond's face value. the program is designed to reduce the debt burden. analysts estimate greece will be able to shave about 20 billion euro's off its debt. this will clear the way for greece to receive a new infusion ofore th bilon eos in aid from the eu and other principal lenders. the organization of petroleum export and countries held a general meeting in vienna yesterday. representatives of the 12 oil exporters agreed to retain the current production target of 30 million barrels a day. they say supply is sufficient and prices are appropriate for the moment.
Dec 19, 2012 7:00pm PST
. the nikkei average is down due to profit taking after three days of gain. currently it's at 10,080. investors are eagerly awaiting whether the bank of japan will take further monetary easing steps. let's take a look at the currency markets. the yen is little change against other major currencies. the dollar is trading slightly lower against the yen. that's after it rose near a one year and eight month high in overseas trading on wednesday. some traders are selling the dollar to take profits before today's announcement from the bank of japan. dollar yen is at 84.26 and the euro is lower against the yen. taking a look at other markets in the asia pacific region, south korea's kospi is trading slightly up. let's also take a look at australia. that's trading higher by over .1 of a percent. >>> ubs will pay about $1.5 billion in fines. that's for rigging key interest rates. the total amount that ubs will pay is greater than that of british bank barkleys. they paid over $400 million in fines for its wrong doing. ubs admitted that its employees across its global network has manipulated the london in
Dec 25, 2012 7:00pm PST
on stocks. tokyo's nikkei average is extending gains from yesterday following the yen's weakness. it's currently trading at 10,149, a gain of 2/3 of a percent from tuesday's close. investors are placing buy orders particularly on exporters as the yen is losing ground. they expect earnings for exporters may pick up. >>> now, toyota motor has launched a redesigned crown, one of its signature models. the auto maker aims to attract japanese car owners who are thinking about replacing their current vehicles. ♪ strangers in the night ♪ exchanging glances it's the 14th restyling of the crown. a high-end model that was first released back in 1955. the new crown features drastic changes in design such as a large front grill. it has a conservative image and targets relatively older drivers and corporate customers. but toyota hopes that the new design will attract younger customers as well. >> translator: in a country like japan, where the population is shrinking, it's more important to encourage car owners to replace their vehicles than to develop new customers. >> toyota says the car make
Dec 27, 2012 5:30am PST
and investors are still a little more optimistic. the nikkei average has climbed to a 21 month high. that's against the u.s. dollar. good for japanese exporters. a former adviser to the japanese foreign ministry says that abe will have a tough time fixing the economy because a, japan's because of japan's large budget deficit. >> the japanese fiscal cliff will be larger than the one in the united states, because japan's financial burden is considerably heavier than the other developed nations. in order for japan to put its fiscal house in order to, japan is launching a tax hike soon. there's one important condition for japan to do that. that is to observe stable growth by the time the taxes will be raised. this government, it has to be eager to boost its economy so that you can see an uptick of growth in the first half of next year. >> toyota is having its largest ever safety crisis, but it will cost more than a billion dollars. japanese automakers selling with customers in the u.s. will say that their vehicle suddenly exploded for no reason. about 16 million vehicles were sold between 199
Dec 18, 2012 7:00pm PST
on the markets for this wednesday morning. well, the nikkei average is above the 10,000 level and touched an 8 1/2-month high. it is currently trading at 10,044. that's a jump of 1.2% from tuesday's close. investors are buying up exporters. that's on hopes that the bank of japan may take more monetary easing steps, which will weaken the yen further. and in other markets in the asia pacific region, australia's benchmark is up about half a percent, 4,620. and in south korea the kospi is closed today for the presidential election. and on to currencies now. the dollar is trading higher against the yen on expectations the u.s. policy makers will make an agreement to avoid the fiscal cliff by the end of the year. the dollar/yen is now changing hands at 84.34 to 39. and the euro/yen is trading near the highest level in one year and four months. the pair is now quoted at 111.56-59. >>> and now one of the big reasons for the rise in the value of the euro is that the standard & poor's has upgraded greece's sovereign credit rating by six notches. the ratings agency cited the country's commitment to debt re
Dec 25, 2012 6:00am PST
may be closed forth holiday but there's trading in other parts of the world today. the nikkei stock average recovered about the -- bush of the key watt, above the key water -- above the key rather. on the weakening yen exchange rate. many abilityists think this -- analysts think this trend will continue and also get a boost from extra public works spending by the new administration there. >>> there's only a week left to avoid that tax hikes and the spending cuts that will impact most of americans the old fiscal cliff. this morning its appears democratic senate leader harry reid may take the lead in crafting a compromise to prevent tax hikes on at least the middle class which was the president's parting plea before going to hawaii. both reid and the president were in hawaii this weekend for the funeral of senator daniel inouye. >>> as the leaders try to come to some sort of agreement on capitol hill. local leaders are preparing the lose billions in dollarss. cbs 5 political insider phil matier now reports. >> reporter: the smiling san francisco mayor ed lee was one of the first offic
Search Results 0 to 11 of about 12 (some duplicates have been removed)